Daily Currency Note from Smart Currency

Comments: Sterling had a positive day against the Euro and US$ on the back of slightly better than expected retail figures here in the UK. Probably the result of a cold and dank August! I still believe that there is more downside risk than upside potential.

Note: All rates are mid market inter bank and indicative at the point of publication.

To get an initial estimate of the cost of a property simply DIVIDE the price of the property by the appropriate currency rate noted above.

Daily Currency Note from Smart Currency

Comments: Sterling continued its move up against the Euro. Approaching year highs again. My feeling, rightly or wrongly, is that downside risk is greater than further upside opportunity and would advice clients to hedge. The US$ continues in its 1.88-1.90 range.

Note: All rates are mid market inter bank and indicative at the point of publication.

To get an initial estimate of the cost of a property simply DIVIDE the price of the property by the appropriate currency rate noted above.